Bahrain’s Tech Ecosystem By the Numbers

Tamkeen and Startup Genome have teamed up to spotlight Bahrain’s entrepreneurial ecosystem in the Global Startup Ecosystem Report:

• The ecosystem created $1.2 billion in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023, representing 40% compound annual growth compared to Jul 01, 2019 to Dec 31, 2021 time period. Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.

• Top 10 MENA Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding

• Top 10 MENA Ecosystem in Bang for Buck — measures the amount of runway tech startups acquire, on average, from a VC round

• Top 15 MENA Ecosystem in Knowledge — measures innovation through research and patent activity

• Top 15 MENA Ecosystem in Funding — measures innovation through early-stage funding and investor’s activity

• Top 15 MENA Ecosystem in Talent & Experience — measures long-term trends over the most significant performance factors

• Top 15 MENA Ecosystem in Affordable Talent — measures the ability to hire tech talent

• The Fintech, Cybersecurity, and AI, Big Data, & Analytics sectors are highlighted for their density of talent, support resources, and startup activity

"Bahrain continues to bolster its positioning as a leading startup hub in the region. The Kingdom has taken large strides in fostering a supportive startup ecosystem, while also championing innovation by enabling skill development and providing access to funding for entrepreneurs," shares Maha Mofeez, Chief Executive of Tamkeen.

"As a policy advisor and research provider focused on entrepreneurial-based economic growth, we're thrilled to spotlight Bahrain's success stories and disseminate best practices derived from our collaboration with Tamkeen. Particularly Bahrain's regulatory work in Fintech and Shariah compliant FS, as well as its support for the regional expansion of its startups, clearly stand out," shares Stephan Kuester, Managing Partner at Startup Genome.

For more insights and an overview of Bahrain’s startup landscape, visit the Bahrain ecosystem page.

To learn more about startup ecosystems around the world, view the full, free Global Startup Ecosystem Report.